SAIC

The 2023 KiWi EV equipped with DJI's assisted driving system enables intelligent obstacle avoidance, adaptive cruise control, advanced lane keeping and automatic lane changing.

SAIC said it has sent 10,000 units of the MG Mulan compact crossover to Europe, and the model will be available in more than 80 countries next year.

The model from Wuling is not similar to BYD's PHEVs, but is a Hybrid Electric Vehicle (HEV), which is considered an ICE vehicle in China.

The SAIC-GM-Wuling 2023 Baojun KiWi EV, which will officially go on sale this month, will be the first model to use the system.

SAIC-GM-Wuling has become the second local automaker after BYD to see sales of NEVs reach 1 million units.

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44).

The IM Motors L7 is positioned similarly to the Nio ET7, and SAIC says the sedan will have stronger deliveries in August.

SAIC's software arm SAIC Z-ONE will build a smart driving platform using two Journey 5 chips, which will be used in SAIC's models to be launched in 2023.

SAIC-GM-Wuling sold more than 120,000 units of all vehicles in June, including 6,249 units of the Hongguang Mini EV.

In June, SAIC's NEV sales accounted for 18.88 percent of total sales. The company aims to increase that share to at least 32 percent by 2025.